Adani Enterprises Limited NCD

Non-banking financial company(NBFC)| Rs. 10,000 Min Investment

Issue Opening Date
Tuesday, January 6, 2026
Issue Closing Date
Monday, January 19, 2026
Credit Ratings
“Care AA-; Stable” and “[ICRA]AA- (Stable)”
Issue Size (Net)
up to Rs.1000 Crs
Adani Enterprises Limited NCD ClosedOpen
Non-banking financial company(NBFC)

Rs. 10,000

Min. investment
Pre Book Now

1. Company Information

Adani Enterprises Limited (“AEL” / “Company”) was originally established as a partnership firm in 1988 and was incorporated in Ahmedabad, Gujarat, as Adani Exports Limited on March 2, 1993, a Company limited by shares pursuant to Part IX of the Companies Act, 1956. To reflect the changes in business strategies, the name of the Company was changed to Adani Enterprises Limited in August 2006. AEL is a public limited company with its registered and corporate office at Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad 382 421, and is promoted by Mr. Gautam S. Adani and Mr. Rajesh S. Adani. AEL is the flagship company of the Adani Group and engages diverse business activities aligned with its strategic objectives

Company Strengths

1. Well-Diversified Business Portfolio -Presence across critical sectors like energy, infrastructure, logistics, mining, and emerging industries such as green hydrogen, copper, and digital services. 2. Strong Business Incubation Capabilities - Proven ability to scale and demerge successful businesses into independent listed entities, creating long-term shareholder value 3. Market Leadership in Core Businesses- Established leadership position in sectors such as coal trading, mining services, and airport operations. 4.Experienced Management & Promoter Group -Backed by a strong promoter group with a demonstrated track record of executing large-scale, complex projects 5. Strategic Global Partnerships -Ability to attract global investors, technology partners, and strategic alliances supporting growth and diversification

2. Rating:

“Care AA-; Stable” and “[ICRA]AA- (Stable)”

3.Adani Enterprises NCD 2025  Registrar

MUFG Intime India Private Limited ((Link Intime)

 Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
 Vikhroli (West), Mumbai - 400083
  +91-22-4918 6270
adanienterprises.ncd2024@linkintime.co.in
https://linkintime.co.in/initial_offer/public-issues.html

Adani Enterprises Limited Details

Issuer Adani Enterprises Limited
Instrument Secured Redeemable Non-Convertible Debentures
Issue Opens on Tuesday, January 6, 2026
Issue Closes on Monday, January 19, 2026
Issue Size Public issue by the Company of secured redeemable non-convertible debentures of face value of Rs.1,000 each (“NCDs”) for an amount up to Rs.500 Crs (“Base Issue Size”) with a green shoe option of Rs. Rs.500 Crs aggregating up to Rs.1000 Crs
Issue Price / Face Value Rs.1,000 per NCD
Minimum Application Rs.10,000/- (10 NCD) and in multiples of Rs.1,000/- (1 NCD) thereafter.
Credit Rating “Care AA-; Stable” and “[ICRA]AA- (Stable)”
Registrar MUFG Intime India Private Limited
Listing The NCDs are proposed to be listed on BSE
Category I - Institutional II - Non-Institutional III - HNI IV - Retail
Category Allocation 5% 25% 35% 35%
Put/Call Option NA
Mode of Allotment Compulsorily in dematerialized form.
Allotment First Come First Serve Basis
Depositories NSDL and CDSL

Specific Terms for Each Series of NCDs

Series I II III IV V VI VII VIII
Frequency of Interest Payment Annually Cumulative Quarterly Annually Cumulative Quarterly Annually Cumulative
Tenor 24 Months 24 Months 36 Months 36 Months 36 Months 60 Months 60 Months 60 Months
Coupon (% per annum) for NCD Holders in Category I, II, III & IV 8.60% NA 8.48% 8.75% NA 8.62% 8.90% NA
Effective Yield (per annum) for NCD Holders in Category I, II, III & IV 8.60% 8.60% 8.75% 8.74% 8.75% 8.90% 8.89% 8.90%
Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV ₹ 1,000 ₹ 1179.40 ₹ 1,000 ₹ 1,000 ₹ 1286.45 ₹ 1,000 ₹ 1,000 ₹ 1531.95
Put and Call Option NA

Adani Enterprises Limited Company Financials

Particulars
H1 FY26
FY 25
FY 24
Revenue from Operations
10,942.03
26,708.97
32,012.03
Total Income
11,977.26
28,313.04
33,679.15
EBITDA
6,009.46
8,067.50
4,576.17
EBITDA Margin (%)
50.00%
28.49%
13.59%
Profit After Tax
4738.5
6,053.19
2,843.03
Profit After Tax Margin (%)
40.00%
21.38%
8.44%
Return on Equity (%)
15.00%
22.67%
17.09%
Net Debt / Equity
0.15
0.14
0.22
Net Debt / EBITDA
0.4
0.45
0.81
Amount in Rs. Crore

Prospectus Document

Official Red Herring Prospectus (RHP)

For detailed company and issue information

Disclaimer: This report has been prepared by RR Equity Brokers Private Ltd. The information in this report is collected from various public sources. RR Equity Brokers is not responsible for any loss or damage that may result from using this information or from investment risks.

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508

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